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05/26/2019
05/25/2019
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|| 04/13/2012 ||
crooks
Wells Fargo's prison cash cow - Wells Fargo is one of the top five largest banks in America, a fact that on its own is damning enough, basic human decency not exactly being conducive to success in the financial industry. Despite, or rather because of, its role as one of the leading sub-prime mortgage lenders prior to the 2008 crash in the housing market, the bank was handed $37 billion from the U.S. government, a transfer of wealth from the foreclosed upon have-nots to the haves doing the foreclosing – people like chairman and CEO John Stumpf, whose compensation actually rose after his company’s de facto bankruptcy to a cool $18 million last year.
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